Niall Ferguson Protector of the CityI've been listening to the second Reith Lecture on BBC Radio 4, The Darwinian economy, by Prof Niall Ferguson, summarised here.This is my comment:Niall Ferguson's central thesis is that deregulation of banks did not cause the crash. However, he needs to establish this thesis in face of the work of David Moss at Harvard Business School.His key finding is expressed in a graph here:It relates income inequality measured as share of income held by the top 10% of...
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